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A dead shitcoin that had an ICO in 2017, SNM, suddenly pumped 20x (2000%) on Binance today.

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by COINS NEWS 112 Views

A dead shitcoin that had an ICO in 2017, SNM, suddenly pumped 20x (2000%) on Binance today.

Anything that pumps 20x in a few hours on a centralized exchange is very suspicious to me. If its a shitcoin pumping on a dex, it makes sense, but not on a cex Especially when it has a market cap over 10M before the pump and now has a market cap of 150M++. No one knows why its pumping, as its official website has not been updated for a long time. Suspiciously, the coin is almost exclusively tradable on Binance and binance did not delist even though the project is basically dead for a few years.

This is how the chart looks

This definitely looks like those pump and dump groups are active again and are now pumping shitcoins to dump on retail? thats my guess at least because I cant find any other explaination for the insane pump currently.

Edit: This shitcoin is currently at $9! 5000% with the pump hitting $13 not long ago. If i bought this shitcoin instead of writing the post, i wouldve done a quick 2x. WTF is going on

submitted by /u/Far-Scholar9028
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